Bravura Solutions Limited (Bravura) today announced the continued growth of its ‘Rufus Software as a Service’ (SaaS) solution by adding another client, having been selected by T. Bailey Fund Services (TBFS) to power its transfer agency administration.
TBFS, an established full service ACD and fund administration service provider in the UK, becomes the fourth client to take Bravura’s Rufus SaaS funds administration solution since the service was launched in 2016. Services include Bravura’s automated end-to-end STP messaging technology solution, Rufus Messaging, as well as Rufus Digital, a solution that delivers secure self-service via intermediary and end-client web portals for new business and client servicing.
TBFS will join Bravura’s growing number of Rufus SaaS clients, with fund managers Castle Trust, Smith & Williamson and Margetts Fund Management already onboard.
Helen Stevens, TBFS’ Chief Executive Officer, commented:
“At TBFS we have a true client service focus, built around regulatory rigour, superior standards and thoroughly supported, market leading technology. We are pleased to be working in a collaborative relationship with a provider like Bravura, who share our vision and will bring further operational efficiencies and reduce the risk associated with transfer agency activities.”
Andy Chesterton, COO, Global Funds Administration at Bravura said:
“I’m delighted that TBFS have decided to partner with Bravura for fund administration services. Through working together, we are confident that our Rufus SaaS solution will help deliver significant operational enhancements to the TBFS business, utilising our extensive experience in providing administration, messaging and web solutions and allowing them to focus on self-administration and delivering exceptional client outcomes.
“This deal really highlights the success of Rufus SaaS, and the partnership with TBFS represents another important endorsement of the proposition as an integrated, scalable, hosted solution.”